U$6200\mathrm{.}001-$ Accounting for International & Public Affairs $-$ Final Exam $-$ Fall $2023$

$(2)$ For book purposes, for this transaction, would the company recognize more, less or the same income tax expense than for tax purposes?

B$.$ Assume that also on December $31,2016,$ the company receives cash for the remaining $$10,000$ of the accounts receivable for which an allowance for doubtful accounts had been made as of December $31,2015.$

$(1)$ For book purposes, what would be the impact on the company's $2016$ balance sheet, and$/$or income statement, and$/$or cash flow statement?

Allowance for

$\frac{Tcx\text{P}\text{a}\text{y}\text{a}\text{b}\text{l}\text{e}}{8000}$

$\backslash$table$[[$Account Recewalde,$],[10000,1)10000],[$Bal o$,]]$

Bal $0$

$(2)$ For book purposes, for this transaction, would the company recognize more, less or the same income tax expense than for tax purposes?